The goal for Stage 1 is 2000 Ethereum right ? What will happen if they don't reach that ? Will they just continue with Stage 2, because the hardcap is more than 2000 ETH.
I'm fairly certain that Bitfence will continue with Stage 2 of their token sale, they might even extend the token sale or reduce their hard cap total if they feel like they can set a more realistic target. As you say i also think that they could extend Stage 1 a little bit further so they can still reach that 2000 ETH cap and then continue with Stage 2. Might be, but I don't think so they need to extend stage 1 till reach goal. Because see now they said 1114.79 ETH raised. As they said "Discount linearly drops on 0% on Jun 30". means they have enough time to reach their goals. Even if the stage 1 goal isn't reach the wise move will be to continue with sarge 2 rather than extending stage1 sales. You mean to say if they will never reach their target in stage 1 then will continue with stage 2? But what about stage 1 goals target then? Its just an assumption from my part, i think for the stage 2 the goal will just be slightly increased in addition to the stage 1 goal no concrete change will be made. |
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good to see, there is a lot of good communication on their telegram-channel https://t.me/vanigplatformIt looks like a good community is forming there Yeah they are really active, that's a sign that they are willing to put in the effort. I hope Vanig really will make shopping amazing for all participants of e-commerce, using the strength of the blockchain ecommerce's growth has been stagnating, perhaps with the introduction of the blockchain it will reach new levels Yeah blockchain will be another stepping stone for e-commerce but i might disagree with your statement about e-commerce being stagnant. Maybe in developed countries but in developing countries i can say e-commerce is rapidly growing and taking over traditional trading methods. |
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Cool that the project is working towards more partnerships with energy companies. Hope for good news.
I love the fact that they are not trying to make their project an "island of one tree". They realize the need to assistance and decided to go for it. Very nice to see Bittwatt working towards getting more partnerships and I really do hope they can implement a successful project which will benefit the whole world in terms of energy consumption Bittwatt are really gonna make great impact in the electricity sector. I agree, i believe in the next 3 to 4 years Bittwatt should already be well known in some European countries and would have gotten a lot of productive partners. |
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If we are not participated in ICO but joined airdrop. And if we are holding SEED tokens on their platform, so in that case they will consider us as a SEED members?
Yes... It's stated on the whitepaper that for one to become a member, you must hold seed token on the superbloom platform. And u can't get airdrop if you are not a member of superbloom platform. |
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Does anyone know how many plants they are going to have in this year? as far as i know they have 3 now and planning one in Puerto Rico.
They have 2 and are planning for the third in Puerto Rico but will depend if the negotiations go well and the numbers line up I would imagine time will tell what they can pull off I think 4 will be achieved this year. They need to get plants up and ready so that they can get investors to start investing in the company and also be able to achieve the 22 plants in 5 years. |
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The goal for Stage 1 is 2000 Ethereum right ? What will happen if they don't reach that ? Will they just continue with Stage 2, because the hardcap is more than 2000 ETH.
I'm fairly certain that Bitfence will continue with Stage 2 of their token sale, they might even extend the token sale or reduce their hard cap total if they feel like they can set a more realistic target. As you say i also think that they could extend Stage 1 a little bit further so they can still reach that 2000 ETH cap and then continue with Stage 2. Might be, but I don't think so they need to extend stage 1 till reach goal. Because see now they said 1114.79 ETH raised. As they said "Discount linearly drops on 0% on Jun 30". means they have enough time to reach their goals. Even if the stage 1 goal isn't reach the wise move will be to continue with sarge 2 rather than extending stage1 sales. |
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Just few days to go for the start of pre-sales of Vanig. What you guys think about it? What would be your guess for the first day investments? Its like a guess game.
it will not be easy to predict, after all, it is the first Blockchain-based e-commerce system. I think they will reach the softcap very fast, probably after 2 days It's really hard to predict. Vanig has everything that a project needs for a successful ICO. The only thing that is not optimal right now, is the current situation market situation of the crypto markets in general. I just hope BTC won't drop further below 8k. Do you think that the current market situation can slow down the sale? as people will panic and sell even if it is totally not a good idea to do that. Yeah it can slow down the sale but nothing is certain until it happens, vanig is a good e-commerce startup and combining that with blockchain makes it great, i want to believe that its idea will influence the public sale. |
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I just visited on telegram channel and found few people are talking there about listing on exchange. They said Bittwatt will list on 28th May. How is it possible? This is true news or some rumer?
I don't think it will be that early on, since the ICO only ends in 4 days, it usually happens after token distribution. So I expect it to be on exchanges within the next few weeks yeah, i think they'll need to go through the application processes and KYC for investors, especially for some of the larger exchanges, Sure all the tokens will be released at the end of the sale and we can't know how long this will take. But maybe Bittwatt already has some agreements with exchanges, so the listing could start right after the distribution. I got confirmation from admin his name M Adithya-Bountyhive.io said listing on Coss exchange immediately after sale. But if it is true then why still no any official announcement at anywhere? I am sure they will soon come out and make it public. But it is already obvious that coss was going to be their first exchange since the ico partnership. |
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Speaking of dumping: When a new project is added to the platform and holders will get tokens as rewards based on the amount of SEED they hold. What stops people from buying more SEED just before the distribution and then dumping the coins right after the free tokens are distributed? Do they have a solution for this?
Hmmm, I have never seen it this way, I think Superbloom could work on listing tokens that are worth it, that has real life use cases, that are hard to dump and maybe not really in great quantities, I think they could work with this, besides getting a good amount of SEED token tentatively means you're a good holder as well This is also something new to me. But there should be some minimum SEED requirements. Do we already know that number? I remember seeing this number somewhere.. To my knowledge theirs no minimum but scales, as for trying to get people to not cycle I think is a smart idea perhaps have it so that only people who have had a balance for a sustained time get the drop that sounds like a good idea and would be very easy to implement. Only if the tokens are in the wallet for 2 months, for example, one will receive benefits. A very good idea, you could suggest that to the team in the telegram channel I made some research and found that they are planning to add exactly something like this. You cannot sell your SEED for 30 days after you get rewards for holding them. A very good solution, if you ask me. Nice idea, Superbloom have thought of everything it seems, it's nice to see a project put this level of preparation into its operations. I think having a big bag of tokens will be very beneficial to investors because of the free tokens they will receive. I actually think that no one will sell any SEED Tokens as they can give you free tokens for holding, why would you not want that? I actually don't get it too but this is crypto where anything can happen, people don't care they will sell it when there's no new project coming to the platform and buy back later. |
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I think they just build the cool big database for this purpose or maybe they analyse the market worldwide and detect the best selling products in different countries. Anyway, you will need a lot, really a lot of data for this goal. I wonder from where they get it now.
Wow that's machine learning at work. They can get dataset From existing platform. I have talked about this before. Vanig will be using machine learning algorithms to analyze the behaviours of customers and they will use the result to better serve the customers. That's really cool from their part. What existing platform do you mean? I don't think there are open datasets from working third-party platforms like Amazon or etsy. Maybe there are disclosed statistics of goods consumption in different areas of the world? Some research for science? yeah.. I can hardly see Amazon giving their user data or analytics to what is technically a competitor lol Forget about the transparency factor with Amazon. It will never happy. Thats also the main reason they will avoid blockchain. If they start showing transparency, they have reveal lots of their secrets which will not be acceptable by many. Vanig is a good starting point for eradicating Amazon like companies. I agree vanig is where the revolution will begin from although it might take years but Rome wasn't built in a day. I believe in vanig and i want them to succeed. |
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It is certain that listing on Coss exchange will cause that the price fall down because:
1) Coss is a small exchange
2) Bounty hunters will sell their profits
3) 2019-2022 will be a working product
Yeah although coss is a small exchange Bittwatt will still have plans of listing on bigger exchanges and i believe that won't take long. |
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Thanks for sharing this. I will definitely look into it later in the night. I hope i get some useful information about their progress in this video. |
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Bitfence are really doing great in the aspect if writing articles that explains why they are doing what they are doing. This article for example just taught me the importance of a.i in detecting and preventing attacks. Nice one again from Bitfence. |
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Just to clarify, the 20K USD minimum is for private sale stage. At presale and main sale you can buy as slow as 0.1ETH worth of Vanig Tokens and still get the discounts!
OK this is more clearer cos earlier on I was getting it all mixed up, thanks for this... What is the level currently of their Presale? When is it ending? Yeah the explanation made things clear for me too, the pre-sale will end on June 18th, on June 19th Sale Stage 1 will start. During the pre-sale 1 VANIG = 0.125 USD. Thanks for the info, nice to now that the minimum is 0.1, means even small time investors can get involved which is good! Yes a lot ico's usually have a high minimum for their private sale as it is meant for big investors but i am glad that at the pre-sale everyone can participate. I love that there's a minimum for the presale at least we know that those that really value the project will buy it and hold it and u can get it for anything less than the minimum. |
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I just visited on telegram channel and found few people are talking there about listing on exchange. They said Bittwatt will list on 28th May. How is it possible? This is true news or some rumer?
Why not? ICO is ending on 27th May. It's already selected cross exchange. So listing on 28th may is possible. That is quite a rapid post-ico listing, hope there will be listing on more exchanges, good work bittwatt I think the listing will be on coss exchange first then others would follow later, at least the partnership will be beneficial to both parties. |
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Speaking of dumping: When a new project is added to the platform and holders will get tokens as rewards based on the amount of SEED they hold. What stops people from buying more SEED just before the distribution and then dumping the coins right after the free tokens are distributed? Do they have a solution for this?
We can assume that the SEED Tokens will become more and more expensive over time and probably not worth doing. You have to own a lot of SEED, so that the participation pays off The more SEED you own the better the reward. I am not sure how the volatility is addressed but as more successful project go through the platform the likely the holders will grow and there is a limited supply of tokens so that would surely mean higher price per SEED. It's nice to know SEED will naturally rise in value because of the limited supply of tokens meaning a higher demand over a period of time Yes this is indeed good incentivizing mechanism to hold SEED, which is beneficial for the token holders im pretty sure I read that they would be burning the SEED they got for transaction fees and listing as well. Burning? Won't that just reduce the total supply of seed tokens and making the tokens scarce. In this case i don't think itt will be good because if superbloom should become very popular and have plenty members many of seed tokens will be going in as fees and afterwards get burned reaching a point where seed tokens might no longer exist. |
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Reading from the whitepaper i see members of Superbloom gets lots of advantage for instance Superbloom do not charge their members for transaction fee while non-members pay a discretionary fee of 20% premium to purchase deals on the platform. It sure doesn't hurt being a member of Superbloom platform.
20% fees for non-members is very high. It's better to become members of Superbloom platform and enjoy zero transaction fee and free tokens. It's better and more profitable to become a member than continually paying 20% fee on the superbloom platform. How does one become a member? By just holding seed tokens ot does a membership fee applies too. |
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I hope this project success after their ico and passing my expectation , with pathnersip with some energy company this will bring a good future for bittwatt project
Yeah.. Partnership with other energy companies is going to boost the outcome of success of this project. Although some partnership have been announced and more is to come. It would be awesome seeing the outcomes of this partnership. |
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yeah, nice. a first picture of the MVP. ok, there is not much to see yet, but it is a start. So they have been working on the platform for 1 year and a release of the MVP is coming soon. I am very excited I am also excited about the MVP. Waiting for public version, hope we can see it in coming days. Is there any target date when it will be available? I don't think none has been released as of now since it was not released last week but i an sure a new release date will be out soon. |
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Amazing how we can see a working product is there also a live demo available where you can see it mine NHY Tokens? or will one be available later? I've seen similar stingminer on their telegram channel, i don't think there's a current video/demo at the moment there's a GIF tho but an actual video will be nice perhaps in time a video will be made. I have seen the pictures of this device few weeks back. But I am more interested in seeing the actual demo now how it works. The live demo will be have more impact on the investors than anything else. Everyone wants to see how this will work, it would be really nice if bitfence release a video about that. |
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